ABU DHABI // UAE scientists have uncovered previously unknown genetic mutations that are responsible for rare diseases in Arab children. The discovery will help with the early detection and treatment of some of the world’s most serious and rare diseases, doctors said. Dr Mahmoud Taleb Al Ali, director of the Centre for Arab Genomic Studies (CAGS), which is affiliated with the Sheikh Hamdan bin Rashid Al Maktoum […]
The likes of France and the Netherlands have long been staple destinations for cycling enthusiasts, but the growth of riding a bike for sport has seen cycling-holidays spring up all over the world. And there are some new destinations that are going to special lengths to burst onto the scene Yorkshire, England Yorkshire has thrown itself into road cycling with almost unnerving gusto. Since hosting the opening […]
The owner of the messaging app Snapchat has set its valuation as high as $22.2bn ahead of its initial public offering, less than the company had originally hoped for but still putting it on track to be one of the US’s largest tech flotations. A price range of $14 to $16 a share, revealed in an updated regulatory filing on Thursday, puts Snap’s valuation in a range […]
Mr. Trump’s position on a two-state solution discarded a policy that has underpinned America’s role in Middle East peacemaking since the Clinton administration and raised a host of thorny questions. Continue reading the main story The Palestinians are highly unlikely to accept anything short of a sovereign state, and a single Israeli state encompassing the Palestinians would either leave them as second-class citizens or would no longer […]
New Zealand telecommunications provider Spark has announced its financial results for the first half of FY17, reporting earnings before interest, tax, depreciation, and amortisation (EBITDA) of NZ$471 million, up 3.5 percent. Revenue was up by 4.1 percent, to NZ$1.79 billion, while earnings after tax amounted to NZ$178 million, up 12.7 percent. Capex increased by 3.7 percent for a total of NZ$224 million, and opex was up by […]
Photo President Trump and Prim Minister Netanyahu entering the White House on Wednesday. Credit Stephen Crowley/The New York Times President Trump came forward with a nonsensical statement on Wednesday as he dangerously backed away from the two-state solution, which has been central to America’s Mideast policy for more than 20 years and remains the only just answer to the Israeli-Palestinian conflict. “So, I’m looking at two-state and […]
China ended a six-month streak disposing of its US Treasury holdings in December, adding to its position for the first time since last May as the country’s central bank seeks to manage capital flight. The country, which ceded its status as the world’s largest owner of haven Treasuries in October to Japan, added $9.1bn of US sovereign debt to its reserves in the final month of 2016, […]
Upon the closing of the proposed merger between Computer Sciences Corp (CSC) and the Enterprise Services business of Hewlett Packard Enterprise (HPE), the new organisation will be renamed to DXC Technology before it begins its journey as a $26 billion IT services giant. The completion of the merger is slated for April 3, 2017, which will see DXC Technology list on the New York Stock Exchange under […]
Muscat, 15 February 2017 Dentons advised Al Anwar Holdings SAOG on the sale of 20.35% of its shareholding in Falcon Insurance Company SAOC (FIC) for a consideration of OMR 1.876 per share to Arabia Insurance Company S.A.L’s (AIC) affiliates, namely Arabia S.A.L. and Lawrence Investment LLC (Under Formation). The transaction also involved a simultaneous acquisition of the business, assets and liabilities of AIC’s Oman branch by FIC, […]
By Michael Flaherty and Siddharth Cavale Procter & Gamble Co (PG.N), maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. P&G’s shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products behemoth, which is already trying to slim down by selling unprofitable […]
The reflation trade is back, in earnest. On Wednesday, all-world stock indices traded at all-time highs for the first time since spring 2015. US 10-year bond yields rose back to 2.5 per cent. Bank stocks rallied, with Goldman Sachs at an all-time high for the first time in a decade. So did tech stocks — Apple is back at a record. All of this after a hawkish […]
Nearly 15 percent of all buildings in Dubai do not comply with approved planning and construction regulations, according to Dubai Municipality. The authority said during 2016, its buildings department received 3,375 complaints from the public about properties that violated planning rules, adding that more than 85 percent of buildings complied with regulations. Inspectors issued 15,895 notices to buildings in violation last year resulting in the preparation of […]
Wednesday 14:30 GMT Overview Global equities were on track to close at all-time highs as Wall Street hovers near record levels in the wake of comments from Federal Reserve chair Janet Yellen. And Ms Yellen’s more hawkish than forecast rhetoric has been backed up on Wednesday by stronger than expected US retail sales and inflation data that are pushing up the dollar and bond yields, while leaving […]
Painting a relatively optimistic economic picture during Congressional testimony this week, Janet Yellen confirmed the Federal Reserve would raise interest rates gradually. It was clear in the sessions, though, that other factors would soon weigh on interest rates and markets. Fiscal policy could make the Fed more hawkish. Yet the political agenda of financial deregulation, coupled with President Donald Trump’s choices for several vacancies on the Fed’s […]
National Real Estate Company (NREC), a Kuwait-based developer with projects exceeding $1 billion in Egypt and the UAE, has signed an agreement for a $101.5 million loan. The developer of Abu Dhabi’s upcoming Reem Mall said in a statement that it has signed the five year convertible loan with Agility Investment Holding Limited, a subsidiary of Kuwait-based logistics firm Agility. The loan facility has the option of […]
15 February 2017 Abu Dhabi, UAE – Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the Abu Dhabi International Offset Conference (ADIOC) begins today. ADIOC is organized by the Tawazun Economic Council and is being attended by the global defense industry, government officials and sector experts. The biennial […]
The four-star flagship hotel caters to the market with affordable package deals for all International explorers 15 February 2017 Dubai, UAE – In direct response to the demand from travellers’, Somewhere Hotels, one of Dubai’s most stylish mid-market hotel brands, recently opened the doors to its new 301-room hotel at the renowned and convenient location ‘Barsha Heights’, previously known as Tecom. Making this the second hotel opening […]
Dubai’s Emaar Properties intends to reopen its landmark Address Downtown hotel by the end of the year, some two years after the skyscraper was gutted by fire following an electrical fault, its chairman told Al-Arabiya TV on Tuesday. Mohammed Alabbar was speaking after the developer reported a 56 percent rise in fourth-quarter net profits, boosted by higher revenue from property developments as well as the performance of […]
After a day of chaotic communication, a stock sell-off and a $6.3bn writedown that may destroy one of Japan’s greatest industrial names, the Toshiba president’s bow of apology finally came. Satoshi Tsunakawa’s head nodded for just one perfunctory second on Tuesday. Most assume there will be much deeper, longer bows to come as Toshiba leads investors, customers, employees and Japan as a whole through the country’s first […]
Amazon’s Prime program, digital music, video, e-book and audiobook subscription revenue totaled $6.4 billion in revenue for 2016, up from $4.47 billion in 2015. That category, detailed for the first time as retail subscription services, hints at how much money Amazon makes from its Prime subscriptions. The catch? Even if you assume 100 percent of Amazon’s retail subscription revenue is Prime the annual revenue tally doesn’t cover […]
Babies who were born prematurely and with extremely low birth weight may be at higher risk of developing mental health problems later in life. Low Birth Weight And Health Problems Later In Life Premature birth and fetal growth restriction are two main reasons why babies are born with low birth weight. In the United States, one in 10 babies are born prematurely. Researchers have long associated low birth […]
When Federal Reserve chair Janet Yellen testifies before a Senate committee on the state of the economy on Tuesday, there will be plenty tuning in who believe the epitaph for the three-decade rally in the bond market has been rightly written. US president Donald Trump’s plan to ramp up government spending and axe corporate taxes threatens to accelerate inflation, push up interest rates and widen the deficit […]
The reaction to a strike at the world’s largest copper mine underlines the sharp reversal in fortune in one of the world’s key metals over the past four months. Copper has jumped 5 per cent in the past two days to a two-year high after a strike at the Escondida mine in Chile raised supply fears about a market that has been starved of investment. The dispute […]
Applications for Islamic car loans in the UAE grew significantly in 2016, with Islamic auto loan products occupying three of the top five spots on the year’s most-applied-for list, according to new data. compareit4me.com, the Middle East financial comparison site, said the number of users applying for Islamic car loans increased by 64.7 percent in 2016 compared to the previous year. Data gleaned from the company’s car […]
